Highway Infrastructure

Quick check

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• DebtModerate safety, with cautionRated BBB+ by Infomerics.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 171% and profit fell 85% from a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 70% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 15.1 times its yearly earnings (P/E), pricier than 57% of the time in the last 1 years. Its usual P/E is about 12.

Highway Infrastructure against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)15.1 against a typical 19.7: cheaper than most peers (1st = cheapest).6th of 15
• Sales growth+170.9% against a typical +19.4% from a year earlier.2nd of 13
• Profit growth−85.3% against a typical +6.6% from a year earlier.7th of 9
• Share price, 3 months+57.1% against a typical −1.6%.1st of 15
• Size₹ 385.6 Cr. market value against a typical ₹ 6,855.2 Cr. (1st = largest).10th of 13

Exchange filings and their impact on the company.

• 26 Oct 2026Bagging/Receiving of orders/contractsMedium impactPositivePrice +20% on 27 Oct
  Won Rs 91.8 cr one-year NHAI toll collection contract at Baiti Kala, UP.

  Highway Infrastructure Limited received a Letter of Acceptance from NHAI on 26th October 2026 worth Rs 91.78 crore for operating the Baiti Kala Fee Plaza on NH-56 (New NH-731) in Uttar Pradesh. The contract is for engagement as user fee agency including toll collection and upkeep of toilet blocks for one year. The one-year Rs 91.8 crore order adds about 11.5% to its last twelve-month revenue and strengthens its toll-operations order book.

  Full analysisFiling
• 23 Oct 2026Bagging/Receiving of orders/contractsHigh impactVery positivePrice +12.9% on 26 Oct
  Won Rs 340 cr one-year NHAI toll collection contract, equal to ~43% of annual sales.

  Highway Infrastructure has received a Letter of Acceptance from NHAI worth Rs 340.08 crore to operate and collect user fees at Palayam Fee Plaza on NH-44 in Tamil Nadu. The contract runs for one year and includes upkeep of adjacent toilet blocks. At about 43% of its last twelve months sales, the order materially boosts near-term revenue and earnings visibility.

  Full analysisFiling
• 14 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −1.2% on 15 Oct
  Board approves Rs 49.8 cr promoter warrant issue at Rs 49.82 and Rs 0.39 cr buy of 51% in Indore Highway Real Estates.

  Highway Infrastructure's board on 14 Oct 2026 approved raising authorised capital to Rs 50 cr and issuing up to 1 crore warrants at Rs 49.82 each, totalling Rs 49.82 cr, to promoters on a preferential basis. The warrants need 25% upfront with the rest on conversion within 18 months, subject to shareholder approval. The board also proposed buying 51% of Indore Highway Real Estates for Rs 0.39 cr and called an EGM to approve the capital increase and warrant issue.

  Full analysisFiling
• 9 Oct 2026Press ReleaseLow impactPositivePrice +4% that day
  Won Rs 24.46 cr 90-day NHAI toll collection order, adding ~3% to annual revenue.

  Highway Infrastructure received a work order and signed a contract with NHAI on 8 Oct 2026 to operate and collect user fees at the Velanchettiyur Fee Plaza on the Karur-Dindigul section of NH-7 in Tamil Nadu. The contract is valued at Rs 24.46 crore for a 90-day period and includes toll collection and upkeep of adjacent toilet facilities. It expands the company's toll operations portfolio in Southern India and will add about 3% to its annual revenue base when executed.

  Full analysisFiling
• 8 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +4% on 9 Oct
  Won Rs 24.5 cr 90-day NHAI toll collection contract at Velanchettiyur, Tamil Nadu.

  Highway Infrastructure signed a contract with NHAI on 8 Oct 2026 to operate the Velanchettiyur Fee Plaza in Tamil Nadu. The 90-day user fee collection contract is worth Rs 24.46 crore and follows the LOA intimated on 30 Sep 2026. At about 3% of trailing revenues, it adds near-term toll operations volume with limited 12-month profit impact.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ankit Tandon

Chief Executive Officer

Anoop Agrawal

Chief Financial Officer, Whole-Time Director

Palak Rathore

Compliance Officer, Company Secretary

Arun Kumar Jain

Managing Director, Director